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ASIC Corporations (Time-sharing Schemes) Instrument 2017/272
202PAYG points-based programs
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202 PAYG points-based programs
What do you have to pay upfront for PAYG membership and to buy PAYG points?
[Insert membership option name] membership is a PAYG membership. Under this membership option you will need to pay the upfront PAYG membership cost and then buy PAYG points each time you want to stay at scheme accommodation for a specified term.
The Purchase Price and Upfront Fees and Costs Summary table below shows how many PAYG points are currently required under each of the PAYG membership options and how much this will cost to secure the following Accommodation Example.
<table cellspacing="0" cellpadding="0" style="margin-left:78.65pt; border:1pt solid #000000; border-collapse:collapse"><tbody><tr><td colspan="2" style="width:342.95pt; border-bottom:0.75pt solid #000000; padding-right:4.9pt; padding-left:4.9pt; vertical-align:top"><p style="margin-top:12pt; margin-bottom:12pt; line-height:normal"><span style="font-weight:bold">Accommodation Example</span></p></td></tr><tr><td style="width:99.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.9pt; vertical-align:top"><p style="margin-top:12pt; margin-bottom:12pt; line-height:normal"><span style="font-weight:bold">Accommodation</span></p></td><td style="width:232.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.9pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:12pt; margin-bottom:12pt; line-height:normal"><span>[</span><span style="font-style:italic">Insert description of most popular accommodation, including details of the resort location and room type</span><span>]</span></p></td></tr><tr><td style="width:99.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.9pt; vertical-align:top"><p style="margin-top:12pt; margin-bottom:12pt; line-height:normal"><span style="font-weight:bold">Period of stay</span></p></td><td style="width:232.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.9pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:12pt; margin-bottom:12pt; line-height:normal"><span>[</span><span style="font-style:italic">Insert dates</span><span>]</span></p></td></tr><tr><td style="width:99.95pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.9pt; vertical-align:top"><p style="margin-top:12pt; margin-bottom:12pt; line-height:normal"><span style="font-weight:bold">PAYG points required</span></p></td><td style="width:232.2pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:4.9pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:12pt; margin-bottom:12pt; line-height:normal"><span>[</span><span style="font-style:italic">Insert number</span><span>]</span></p></td></tr></tbody></table> ``` <table cellspacing="0" cellpadding="0" style="margin-left:77.38pt; border:2.25pt solid #000000; border-collapse:collapse"><tbody><tr style="height:47.1pt"><td rowspan="2" style="width:67.2pt; border-right:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:9pt"><span style="font-weight:bold">Membership option</span></p></td><td rowspan="2" style="width:38.8pt; border-right:2.25pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:9pt"><span style="font-weight:bold">Total purchase price</span><br><span style="font-weight:bold">(incl. fees)</span><span style="font-size:6pt; vertical-align:super">1</span></p><p style="margin-top:6pt; margin-left:28.35pt; margin-bottom:6pt; text-indent:-28.35pt; line-height:normal; font-size:9pt"><span style="font-weight:bold"></span></p></td><td colspan="2" style="width:84.05pt; border-right:2.25pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:9pt"><span>[</span><span style="font-style:italic">Insert column if relevant</span><span>] </span><span style="font-weight:bold">Additional amounts under financing arrangement</span><span style="font-size:6pt; vertical-align:super">2</span></p></td><td colspan="3" style="width:121.15pt; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:9pt"><span style="font-weight:bold">Purchase price of PAYG points for Accommodation Example under each membership option</span><span style="font-size:6pt; vertical-align:super">3</span></p></td></tr><tr style="height:44.15pt"><td style="width:37.65pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; widows:0; orphans:0; font-size:9pt"><span>Upfront finance costs</span></p></td><td style="width:35.6pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; widows:0; orphans:0; font-size:9pt"><span>Total cost of points (incl. upfront finance costs)</span></p></td><td style="width:25.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; widows:0; orphans:0; font-size:9pt"><span>PAYG points needed</span></p></td><td style="width:24.55pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; widows:0; orphans:0; font-size:9pt"><span>Price per PAYG point</span></p></td><td style="width:49.5pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; widows:0; orphans:0; font-size:9pt"><span>Total cost of PAYG points</span></p></td></tr><tr><td style="width:67.2pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:10pt"><span>[</span><span style="font-style:italic">Insert membership option(s)</span><span>]</span></p></td><td style="width:38.8pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:2.25pt solid #000000; padding-right:4.28pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:37.65pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:35.6pt; border-top:0.75pt solid #000000; border-right:2.25pt solid #000000; border-left:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:25.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:2.25pt solid #000000; padding-right:5.03pt; padding-left:4.28pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:24.55pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td><td style="width:49.5pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:4.28pt; padding-left:5.03pt; vertical-align:top"><p style="margin-top:6pt; margin-bottom:6pt; line-height:normal; font-size:12pt"><span></span></p></td></tr></tbody></table> ```